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International financial reporting standards discuss how the

Discussion: International Financial Reporting Standards

Review the differences in the presentations of the 4 main financial statements (income statement, statement of owner's equity, statement of cash flow, and balance sheet) between IFRS and US GAAP.

• Choose 2 differences from each of the statements to share in your posts.
• Discuss how the changes that you have chosen will impact the financial reporting of U.S. corporations.

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